You are here: Home » PF » News » MFs
Business Standard

Should fund manager's own investment be criteria for potential investors?

Fund manager's investments in their own schemes is a good metric to look at, but it isn't the most important

Joydeep Ghosh  |  Mumbai 

When ace fund managers such as, Prashant Jain of HDFC Mutual Fund and S Naren, of ICICI Prudential Mutual Fund, invest significant amounts of their personal wealth in their own fund houses or schemes managed by them, should investors find more comfort in the fund house or scheme? Most market experts feel that it is an additional factor that one can look at because it shows the level of commitment that the fund manager has as far as his own fund house or scheme goes.

But can it be a deciding factor? The answer is a resounding no. Hemant Rustagi, CEO, WiseInvest Advisors says: ...

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, August 24 2016. 14:18 IST